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02-27-2009, 11:27 AM
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Hot Trade 02/27/09
We're in our final day of trading in the King of the Micro contest and many traders remain long the JPY crosses despite the high volatility we're seeing in the forex markets...
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Terri Belkas is the author of Daily Fundamentals, Global Central Bank Comments, and Forex Trading Weekly Forecast on DailyFX.com.
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03-03-2009, 02:01 PM
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Hot Trade 03/03/09
We're now on to a new month of trading in the King of the Micro contest and with major currency pairs like EUR/USD, GBP/USD, and USD/CAD trading near critical levels, big trading opportunities abound. Our "Hot Trade" for today is a short EUR/USD position that one contestant placed upon a test of falling trendline resistance, and exited on a test of 1.2550. Is there a general consensus on where EUR/USD will go next? Do you think we'll see a break below the 2008 lows or a rebound?
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Terri Belkas is the author of Daily Fundamentals, Global Central Bank Comments, and Forex Trading Weekly Forecast on DailyFX.com.
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03-04-2009, 12:35 PM
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Hot Trade 03/04/09
The US dollar has pulled back across the majors on Wednesday, helping GBP/USD to bounce from support at 1.4000, and one of our top 5 traders from Tuesday was well positioned for this move...
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Terri Belkas is the author of Daily Fundamentals, Global Central Bank Comments, and Forex Trading Weekly Forecast on DailyFX.com.
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03-05-2009, 12:02 PM
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Hot Trade 03/05/09
I'm posting this trade mostly to see what others think about it: one of the top 5 King of the Micro contestants sold USD/CAD right at its recent top. Do others think that was a good move and that we'll see USD/CAD fall further, or will the pair break above the 2008 highs?
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Terri Belkas is the author of Daily Fundamentals, Global Central Bank Comments, and Forex Trading Weekly Forecast on DailyFX.com.
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03-05-2009, 02:21 PM
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Bearish on USD/CAD
Bearish on USD/CAD
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03-05-2009, 02:24 PM
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Bearish on USD/CAD
Quote:
Originally Posted by Terri Belkas
I'm posting this trade mostly to see what others think about it: one of the top 5 King of the Micro contestants sold USD/CAD right at its recent top. Do others think that was a good move and that we'll see USD/CAD fall further, or will the pair break above the 2008 highs?
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Bearish on USD/CAD. I think oil will be on the bull ride soon. This summer to break $100 again |
03-05-2009, 03:47 PM
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Quote:
Originally Posted by USAF4ER
Bearish on USD/CAD. I think oil will be on the bull ride soon. This summer to break $100 again
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What's your time frame on this USAF4ER? Do you think the release of US non-farm payrolls on Friday will have any impact on USD/CAD?
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Terri Belkas is the author of Daily Fundamentals, Global Central Bank Comments, and Forex Trading Weekly Forecast on DailyFX.com.
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03-09-2009, 09:48 AM
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Hot Trade 03/09/09
Due to some technical difficulties I was not able to post on Friday, but here's our Hot Trade for Monday. One contestant opted to do a little range trading with GBP/USD, which was a good move at the time. Now, however, we've seen GBP/USD break lower. Does anyone think the decline in the pair will continue?
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Terri Belkas is the author of Daily Fundamentals, Global Central Bank Comments, and Forex Trading Weekly Forecast on DailyFX.com.
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03-09-2009, 10:42 PM
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Top Traders using automated trading systems?
Hi, after looking at the Feb results, the top 3 placed an extraordinary amount of trades.. Were they using an automated trading system? What do you think?
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03-10-2009, 11:14 AM
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Hot Trade 03/10/09
Catching breakouts tends to yield big gains for traders, and one King of the Micro contestant did so with GBP/USD yesterday as he/she sold the pair upon a break of intraday trendline support. Where do other traders stand on GBP/USD? Will we see a more significant bounce from 1.3750 or are more losses in store?
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Terri Belkas is the author of Daily Fundamentals, Global Central Bank Comments, and Forex Trading Weekly Forecast on DailyFX.com.
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03-10-2009, 11:20 AM
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Quote:
Originally Posted by srh1
Hi, after looking at the Feb results, the top 3 placed an extraordinary amount of trades.. Were they using an automated trading system? What do you think?
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Hi srh1, it does indeed look like many traders were using automated trading strategies, but on a day-to-day basis I often see contestants who are most likely not using systems and have far fewer individual trades. I should also note that while automated systems are allowed according to the contest rules, "picking" strategies are not and use of these may result in disqualification.
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Terri Belkas is the author of Daily Fundamentals, Global Central Bank Comments, and Forex Trading Weekly Forecast on DailyFX.com.
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03-10-2009, 09:34 PM
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What exactly is "picking" ?
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03-11-2009, 11:22 AM
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Quote:
Originally Posted by cable guy
What exactly is "picking" ?
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Picking is the use of technological latencies to exploit and manipulate price discrepancies. While we can't go into a more detailed explanation, be assured that you will not be accidentally "picking". If you don't know what picking is, you aren't doing it! 
-Brad
Micro Kingmaker
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FXCM Micro
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03-11-2009, 11:39 AM
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Hot Trade 03/11/09
Looks like many contestants are trading on a very short-term basis and are aiming to catch intraday breaks in price. Our focus today is on a short GBP/JPY that one trader made about 300 pips on...are others feeling a strong bias on the pair or the JPY crosses in particular?
__________________
Terri Belkas is the author of Daily Fundamentals, Global Central Bank Comments, and Forex Trading Weekly Forecast on DailyFX.com.
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03-12-2009, 12:34 PM
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Hot Trade 03/12/09
One of the top traders sold EUR/USD as price reached the upper band of its recent channel formation and consolidated below 1.2850. How do other people feel about EUR/USD?
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Terri Belkas is the author of Daily Fundamentals, Global Central Bank Comments, and Forex Trading Weekly Forecast on DailyFX.com.
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